The first couple of paragraphs of the documentation for asyncore, the module in Python's standard library that implemented the machinery for async IO all the way back in 2000, has a great description of what async programming is all about. Here it is:
'There are only two ways to have a program on a single processor do “more than one thing at a time.” Multi-threaded programming is the simplest and most popular way to do it, but there is another very different technique, that lets you have nearly all the advantages of multi-threading, without actually using multiple threads. It’s really only practical if your program is largely I/O bound. If your program is processor bound, then pre-emptive scheduled threads are probably what you really need. Network servers are rarely processor bound, however.'
'If your operating system supports the select() system call in its I/O library (and nearly all do), then you can use it to juggle multiple communication channels at once; doing other work while your I/O is taking place in the “background.” ...'
https://python.readthedocs.io/en/latest/library/asyncore.htm...
'There are only two ways to have a program on a single processor do “more than one thing at a time.” Multi-threaded programming is the simplest and most popular way to do it, but there is another very different technique, that lets you have nearly all the advantages of multi-threading, without actually using multiple threads. It’s really only practical if your program is largely I/O bound. If your program is processor bound, then pre-emptive scheduled threads are probably what you really need. Network servers are rarely processor bound, however.'
'If your operating system supports the select() system call in its I/O library (and nearly all do), then you can use it to juggle multiple communication channels at once; doing other work while your I/O is taking place in the “background.” ...'